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Wag! Reports Fourth Quarter and Full Year 2024 Results; Announces Review of Strategic Alternatives to Maximize Shareholder Value
Newsfilter· 2025-03-24 11:00
Core Viewpoint - Wag! Group Co. announced its financial results for Q4 and full year 2024, highlighting a strategic review process to maximize shareholder value through potential investments, partnerships, or other transactions [1][2]. Financial Performance Fourth Quarter 2024 Results - Revenues were $15.4 million, down from $21.7 million in Q4 2023, with $5.3 million from Services, $8.9 million from Wellness, and $1.2 million from Pet Food & Treats [7]. - Net loss increased to $4.8 million from $3.5 million in Q4 2023 [7]. - Adjusted EBITDA loss was $1.0 million, compared to breakeven in Q4 2023 [7]. Full Year 2024 Results - Total revenues decreased by 16% to $70.5 million from $83.9 million in 2023, with $21.6 million from Services, $42.7 million from Wellness, and $6.2 million from Pet Food & Treats [7]. - Net loss for the year was $17.6 million, compared to a net loss of $13.3 million in 2023 [7]. - Adjusted EBITDA loss was $1.1 million, down from a positive $0.7 million in 2023 [7]. Guidance for 2025 - The company expects revenues in the range of $84 million to $88 million and Adjusted EBITDA between $2.0 million and $4.0 million for the full year 2025 [7]. Strategic Initiatives - The company is focused on strengthening its balance sheet and reducing debt, with a disciplined approach to strategic alternatives [2]. - The addition of three major distribution partners is expected to accelerate demand for Wellness products [4]. Operational Metrics - As of December 31, 2024, the number of platform participants was 445, down from 600 in 2023 [23]. - The net loss margin for Q4 2024 was 31.2%, compared to 16.0% in Q4 2023 [23]. - Adjusted EBITDA margin for Q4 2024 was -6.2%, compared to 0% in Q4 2023 [23].
Wag! To Report Fourth Quarter and Full Year 2024 Financial Results on March 24, 2025
Globenewswire· 2025-03-18 20:05
Core Viewpoint - Wag! Group Co. aims to be the leading platform addressing the service, product, and wellness needs of modern U.S. pet households, with a financial results announcement scheduled for March 24, 2025 [1]. Company Overview - Wag! Group Co. pioneered on-demand dog walking in 2015 with the Wag! app, which connects users to over 500,000 Pet Caregivers nationwide for services like dog walking, sitting, and training [3]. - The company operates several platforms, including Petted (a pet insurance comparison marketplace), Dog Food Advisor (a trusted pet food review site), WoofWoofTV (a multimedia company with over 18 million social media followers), maxbone (a digital platform for pet essentials), and Furmacy (software for pet prescriptions) [3]. Financial Information - The company will report its fourth quarter and full year 2024 financial results before market open on March 24, 2025, followed by a conference call at 8:30 a.m. Eastern Time [1]. - Investors and analysts can participate in the call by dialing specific numbers provided, with a live audio webcast available online [2].
Wag! Group Co. (PET) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-13 14:36
Core Viewpoint - Wag! Group Co. reported a quarterly loss of $0.13 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.04, marking an earnings surprise of -225% [1][2] Financial Performance - The company posted revenues of $13.2 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 36.97%, compared to $21.8 million in revenues a year ago [2] - Over the last four quarters, Wag! Group Co. has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.03 on revenues of $26.15 million, and for the current fiscal year, it is -$0.21 on revenues of $89 million [7] Stock Performance - Shares of Wag! Group Co. have declined approximately 62.6% since the beginning of the year, while the S&P 500 has gained 25.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Consumer Services - Miscellaneous industry, to which Wag! Group Co. belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8]
PROUD PET PARENTS TEAM UP WITH GLOBAL SUPERSTAR MEGHAN TRAINOR AND FRESHPET TO SUPPORT ANIMAL SHELTERS
Prnewswire· 2024-10-01 13:00
Core Insights - Freshpet has launched its first apparel collection in collaboration with Meghan Trainor, with 100% of proceeds going to animal rescues [1][2][3] Group 1: Apparel Collection Details - The collection features "Dog Mom" and "Dog Dad" sweatshirts, a green bandana, and a green stainless-steel dog bowl, with prices ranging from $49.95 to $69.95 [2] - The collection is available exclusively on Freshpet's online store [1][2] - A free gift will be included with every purchase, and all sales are final [2] Group 2: Partnership and Purpose - Meghan Trainor expressed her motivation for the collection, linking it to her song "I'm A Dog Mom" and her commitment to raising awareness for animal shelters [2][4] - Freshpet's co-founder Scott Morris highlighted the struggles of animal shelters and the company's excitement to support them through this initiative [3] Group 3: Company Background - Freshpet is a leading provider of fresh food for pets, serving over 12 million households since its inception in 2006 [5] - The company focuses on sustainable practices and uses natural ingredients in its products, which are made in small batches [5][6] - Freshpet's products are available in various retail formats across the U.S., Canada, and Europe, as well as through direct online delivery [6]
Wag! Group Co. (PET) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-07 23:11
分组1 - Wag! Group Co. reported a quarterly loss of $0.06 per share, which is an improvement from a loss of $0.09 per share a year ago, aligning with the Zacks Consensus Estimate [1] - The company posted revenues of $18.65 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.27%, but down from $19.82 million in the same quarter last year [2] - Wag! Group Co. shares have declined approximately 40.1% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] 分组2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for Wag! Group Co. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $26.45 million, and -$0.26 on revenues of $91.9 million for the current fiscal year [7] 分组3 - The Consumer Services - Miscellaneous industry, to which Wag! Group Co. belongs, is currently ranked in the top 42% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
CARBIOS and FCC Environment announce joint project to establish UK-based PET biorecycling facility using CARBIOS' licensed technology
GlobeNewswire News Room· 2024-08-06 04:45
Clermont-Ferrand (France) and Doncaster, England (UK), Tuesday 6 August 2024 (06.45 CEST). CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and FCC Environment UK ("FCC"), one of the UK's leading recycling and waste management companies, have signed a Letter of Intent (LOI) to jointly study the implementation of a UK-based plant using CARBIOS' PET biorecycling licensed technology. CARBI ...
CARBIOS and SASA enter discussions for license of 100k ton/year PET biorecycling facility in Turkey
GlobeNewswire News Room· 2024-08-01 16:00
Clermont-Ferrand (France) and Adana (Turkey), Thursday 1 August 2024 (6pm CEST). CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and SASA, one of the world's leading manufacturers of polyester, fiber, filament yarn, polyester-based polymers, specialty polymers and intermediates, have signed a Letter of Intent (LOI) to cooperate through SASA's potential acquisition of a license for CARB ...
Wag! Group Co. (PET) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
ZACKS· 2024-07-31 15:06
Wag! Group Co. (PET) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than ex ...
CARBIOS and Zhink Group enter official discussions for long-term partnership to build PET biorecycling industrial capacities in China in view of first licensing agreement for 50k tons per year
GlobeNewswire News Room· 2024-06-27 04:45
Clermont-Ferrand (France) and Hangzhou (China), Thursday 27 June (6.45am CEST). CARBIOS, (Euronext Growth Paris : ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and Zhink Group, one of China's Top 500 Private Enterprises, specializing in two global industries, PET and textiles, announce today the signing of a joint Letter of Intent to build a biorecycling plant in China using CARBIOS' revolutionary enzymatic depolymer ...
Wag! (PET) - 2024 Q1 - Quarterly Report
2024-05-09 20:06
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 Wag! Group Co. (Exact name of registrant as specified in its charter) Delaware ...